"This will be a truly special occasion, especially for all those who love F1 and who have been following the sport for many years," Whitaker said.

Four world champions will race at the event with Michael Schumacher, Fernando Alonso, Lewis Hamilton and Jenson Button all confirmed for next season. Kimi Raikkonen could also attend as the date, March 14, does not clash with his rallying schedule.

Up to 20 of the historic cars driven by the champions will be on display, in what Whitaker believes will be "something spectacular".

The International Rugby Board (IRB) have stripped Australia of the right to host a round of the World Sevens Series, scheduled for Brisbane on 16-17 February, after the Australian government's refusal to provide visas for the squad from Fiji